CUET Mathematics 2026 21st May Shift 2 PYQs

Which of the following are correct about sinking fund?

A. It is a long-term account which can be closed any time.

B. It is a fixed term account.

C. It can be used only for the purpose it was created.

D. It is set up for a particular upcoming expense.

Choose the correct answer from the options given below:

Mr. Devendra invested ₹ 8,000 in 7% hundred rupee share at ₹ 80. After a year he sold these share at ₹ 75 each and invested in 18% twenty five-rupee shares at ₹ 41 each. Then his annual income from the second investement is:-

A person has set up a sinking fund in order to have ₹ 20,000 in 10 years for his children's education. The amount to set aside each quarter into an account paying 6% per annum compounded quarterly is: [use $(1.015)^{40} = 1.8140$]